Cooperatives: Resources and Forms

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Educational Topic

Understanding Mutual Fund Costs

When you’re looking for a mutual fund, your first priority should be to look for one whose goals fit yours. But you should also check how much it’s going to cost to purchase shares and to keep the account over the years.

Educational Topic

Taking Your Required Minimum Distributions

Retirement is a significant milestone. After years of saving, you can finally relax and enjoy the fruits of your labor. Whether you’re already in retirement or fast approaching it, it’s smart to prepare for another milestone: age 70 ½. This is when you must start withdrawing money from most retirement accounts, such as Traditional Individual Retirement Arrangements (IRAs), including rollovers.

Educational Topic

Saving for Education

Next to retirement, education is the most popular savings goal. If you are investing to pay for tuition, consider accounts that offer tax breaks. Two popular education accounts with such tax advantages are the Education Savings Account (also called a Coverdell account) and the UGMA/UTMA account (named for the Uniform Gifts to Minors and Uniform Transfers to Minors Acts). Both types of accounts provide tax benefits to help your savings grow faster. The table inside helps you compare the accounts.

Educational Topic

Handling Investment Risk

In the realm of investing, risk is an accepted fact. There are no investments that give you the potential to earn high returns without the risk of losing some of your money. As in life, to get a reward, you have to take some risk. That said, there are a number of strategies you can use to manage investment risk. Read these five strategies to see which may be appropriate for you.

Educational Topic

Building Your Retirement Savings

Start saving for retirement early in your career to give your money a chance to grow over time. But, even if other commitments have prevented you from starting, it’s never too late to save.